Bitcoin (BTC) starts the new week with a bump as traders brace for more macro volatility.
Key points:
Bitcoin gets knocked back toward $62,000, but a trader is already eyeing the end of the bear market by September.A new BTC price “death cross” forms the latest signal that the bear market may have just months left to run.The US-Iran war is back as the Strait of Hormuz closes to oil traffic, prompting risk-asset headwinds.US CPI and PPI data is due out, while Fed chair Kevin Warsh will outline future policy to lawmakers.A major distribution event involving midsize Bitcoin hodlers shows fractured sentiment across investor cohorts.
Bitcoin bear-market bottom due “around September or October”
Bitcoin continues to circle its lowest levels since Q3 2024, but one theory is already calling for the return of the bull market as soon as September.
In an X post on Monday, trader Ryker called the entire four-year cycle of bull and bear markets into question.
“I disagree with this chart,” they wrote alongside a comparison of previous market phases for BTC/USD stretching back to 2013.
Ryker argued that since consensus sees the 2026 bear-market bottom as still to come, market makers will frontrun sentiment and initiate a long-term rebound in advance, leaving as many traders off-side as possible.
“Most people believe that the next Bitcoin bull cycle will begin in 2027. However, market makers know exactly what the crowd is thinking,” they continued.
“I predict that Bitcoin will start surging around September or October of this year, and the crowd will miss the buy opportunity. You shouldn’t trust this chart.”
BTC/USD one-week chart comparison. Source: Ryker/X
The idea comes as multiple BTC price indicators begin to flash reversal signals for the first time since the end of the last bear market in late 2022.
As Cointelegraph reported, however, history suggests that the bear market is simply too young to reverse before the end of the year, with current progress at around 70%.
Trader confirms classic BTC price bear-market “death cross”
Bitcoin saw sell-side pressure immediately after the weekly close, dropping to local lows…
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